I’m an Excel nerd so using a spreadsheet to budget was a no-brainer for me.
![excel home budget spreadsheet excel home budget spreadsheet](http://myexceltemplates.com/wp-content/uploads/2013/04/Household-Monthly-Budget-Template.jpg)
But first let me tell you a bit about the budgeting process I’ve used in the past. Today we finally have a budget spreadsheet in Excel that is automated and easy to update.
#Excel home budget spreadsheet manual#
The more people I talk to about budgeting, the more I hear that people desire a spreadsheet-based budget without all the manual work that comes with it.
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Many people find them useful, and there’s no denying that there are a ton of good ones out there.īut I personally have used a budget spreadsheet for years and have found it useful. Spreadsheets offer control and flexibility to users, and allows them to look closer at the transactions going through their accounts. There are a ton of budgeting apps out there, but many people end up using some sort of a spreadsheet for their budget. We recommend that you do not to change or delete the pre-defined formulas of the template, if you do, the entire template may be altered, as the various fields have interconnecting formulas and the results after such changes would lack accuracy. To bridge this chasm, we must plan our retirement well in advance. Post-retirement the resources become significantly more fixed, therefore limited and the expenses assume what it seems an open-ended nature.
![excel home budget spreadsheet excel home budget spreadsheet](https://freeofficetemplates.com/wp-content/uploads/2014/04/Simple-Monthly-Budget-Template-for-Excel.jpg)
You can set an expected inflation rate and the table would automatically calculate the annual budget and the cumulative amounts at the given inflation rate for each year after the retirement. It records for the years after retirement, annual budgeted expense and the cumulative value necessary after the retirement age. The Budget for Inflation worksheet is used to calculate the amount considering the rate of inflation that would add each year.
![excel home budget spreadsheet excel home budget spreadsheet](https://www.myexcelonline.com/wp-content/uploads/2020/12/Screenshot-2.png)
Net amount for each section is also maintained separately. The sheet has sub-sections to record the expenses on a weekly, bi-weekly, monthly, quarterly and annual basis. Enter your Today's Age, Age of Retirement and the sheet automatically calculates the years available to plan for the retirement. The first section helps to calculate the Number of Years available for us to plan the retirement. The Retirement Budget sheet is broken into various sub-sections to record different types of spending and earnings. You should seek the advice of qualified professionals regarding your Retirement Savings. Disclaimer - This template is for educational purposes only.